June 2017 - multipolar-group.com · Multipolar owns 17.5% of Matahari Department Store, the #1...
Transcript of June 2017 - multipolar-group.com · Multipolar owns 17.5% of Matahari Department Store, the #1...
Business UpdateJune 2017
Investment Summary
RetailTelecommunications, Multimedia &
Technology (TMT)Other Businesses
& Investments
- MPPA FMCG retailMarket cap: USD 283 millionShareholding value: USD 142 million
- Matahari Department Store fashion retail
Market cap: USD 3.1 billion Shareholding value: USD 543 million
New retail channels:
- Matahari Mall B2C e-commerce
(thru MPPA & MDS)
Complementary/other retail:
Timezone, Books & Beyond
- Property GroupRetail malls, free-standingretail stores, warehouse, office buildingBook value: USD 160 million
- Lippo KarawaciMarket cap: USD 1.1 billionShareholding value:USD 24 million
- Nobu BankMarket cap: USD 300 milionShareholding value:USD 59 million
- Multipolar TechnologyGroupIT system integration, services, data center
Market cap: USD 132 millionShareholding value: USD 106 million
- First Media GroupCable TV, broadband Internet,4G LTE, satellite TV
Market cap: USD 137 millionShareholding value: USD 46 million
As of Jun 30, 2017; USD 1 = IDR 13,319
• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 2.1tn (USD 156mm)
Multipolar at-a-Glance
• Listed in Jakarta Stock Exchange (MLPL)• Market Cap: IDR 2.1tn (USD 156mm)
Matahari Putra Prima (MPPA)
50.2% share
Mkt Cap: IDR 3.8tn(USD 283mm)
117 Hypermarts26 Foodmarts30 FMX112 Boston4 Smartclub
Retail
FMCG
Telecommunications, Multimedia & Technology (TMT)
Multipolar Technology (MLPT) 80% share IT consulting, hardware, software
& application system provider to integration & maintenance services
Mkt Cap: IDR 1.8tn(USD 132mm)
VisioNet Data Internasional
80% indirect share
Business Process Managed Services
Data Center• 52% indirect share
IT Services Multimedia
First Media (KBLV)
33.8% indirect share
Mkt Cap:IDR 1.8tn(USD 137mm)
Link Net (LINK)
BroadbandInternet, cable TV, data comm
Other Businesses & Investments
Department Store
Matahari Dept. Store(LPPF)
17.5% share
Mkt Cap:IDR 41.4tn(USD 3.1bn)
155 stores
Timezone
50% indirect share
84 stores
Books & Beyond
Wholly owned
37 bookstores
As of Jun 30, 2017; USD 1 = IDR 13,319
Consolidated Non-consolidated
Others
Nadya Putra Investama & Matahari Pacific Wholly owned Mall, office,
apartment
Nobu Bank (NOBU) 19.6% share Mkt cap:
IDR 4.0tn(USD 300 mm)
Mbiz 80% share B2B & B2G
e-Procurement
Multifiling Mitra Indonesia (MFMI) 33.1% share Mkt Cap:
IDR 583bn(USD 44mm)
Document management
92.5%
3.4%4.0%
Net Sales by Segment Gross Profit by Segment
84.4%
9.4%6.2%
1H17 Segment Analysis
Retail TMT Others
Matahari Putra Prima (MPPA)Multipolar owns 50.2% of MPPA, operator of the fastest growing hypermarket chain in Indonesia
with an extensive store portfolio of hypermarkets, supermarkets and health & beauty stores across Indonesia
1H17 Same Store Sales Growth (SSSG): -3.0%5
1H17 net sales IDR 6.7 tn vs 1H16 net sales IDR 6.9 tn4
Opened 11 multi-format stores during 1H173
289 multi-format stores in 73 cities (opened 27 stores in 2016) 2
Largest hypermarket network in Indonesia: 117 Hypermart stores1
1H17 net loss IDR 170 bn vs 1H16 net income IDR 25 bn6
Matahari Department Store (LPPF)Multipolar owns 17.5% of Matahari Department Store, the #1 department store in Indonesia based on
market share and brand awareness with a proven low risk, high-return business model
1H17 Same Store Sales Growth (SSSG): 8.0%5
1H17 ttl sales IDR 10.0 tn vs 1H16 ttl sales IDR 9.0 tn4
Plan to open 6-8 new stores in 2017 (4 new stores opened in 1H17)3
Largest dept store network in Indonesia: 155 stores in 71 cities1
Opened 9 stores in 20162
1H17 net income IDR 1.3 tn vs 1H16 net income IDR 1.2 tn 6
Multipolar Technology (MLPT)Multipolar owns 80% of Multipolar Technology, which provides end-to-end IT services to Indonesian
corporate clients with special focus on the financial, Telecom & natural resources industries
1H17 net profit IDR 33 bn vs 1H16 net profit IDR 96 bn3
1H17 sales IDR 849 bn vs 1H16 sales IDR 967 bn2
202 service points in 179 locations5
Largest system integrator in Indonesia since 19751
Trusted world-class brands – IBM, Cisco, Oracle, NCR, Microsoft 4
Partners with Mitsui operating Rate-3 ready data center6
1H17 Profit and Loss
in million IDR
Jun 30, 2017 Jun 30, 2016*
Net Sales 8,603,525 8,718,107
COGS (7,072,193) (7,122,899)
Gross Profit 1,531,332 1,595,208
Net Loss (391,971) (21,615)
Attributable to owners
of the parents(323,477) (24,708)
Attributable to non-
controlling interests(68,494) 3,093
*) Restated and reclassified (MPPA changed its techniques for measurement of inventory method from the conventional retail method to the average cost method since August 1, 2016)
Balance Sheet as of Jun 30, 2017
in million IDR
Jun 30, 2017 Dec 31, 2016
Total Assets 27,032,282 24,122,671
Total Liabilities 18,007,416 14,758,200
Total Equity 9,024,866 9,364,471
Source: Company materials, filings.
26.97% 5.05%
100%
67.98%
Cyport Limited
Grandhill Asia Limited
Public
PT Multipolar Tbk (MLPL)
Shareholding Structure
1H17 Profit and Loss
in million IDR
Jun 30, 2017 Jun 30, 2016* %
Net Sales 8,603,525 8,718,107 -1.3%
COGS (7,072,193) (7,122,899) -0.7%
Gross Profit 1,531,332 1,595,208 -4.0%
Net Loss (391,971) (21,615) -1713.4%
Attributable to owners
of the parents(323,477) (24,708)
Attributable to non-
controlling interests(68,494) 3,093
*) Restated and reclassified (MPPA changed its techniques for measurement of inventory method from the conventional retail method to the average cost method since August 1, 2016)
Balance Sheet as of Jun 30, 2017
in million IDR
Jun 30, 2017 Dec 31, 2016 %
Total Assets 27,032,282 24,122,671 12.1%
Total Liabilities 18,007,416 14,758,200 22.0%
Total Equity 9,024,866 9,364,471 -3.6%